Drobo, once a darling of the photography world, is officially no more. Following a filing for Chapter 11 bankruptcy protection last year, the company was unable to emerge from that situation and is now in liquidation.
Steve Giralt's The Garage Learning film school raised over $410,000 on Kickstarter in 2020. But now, just under two years later, the business has filed for bankruptcy as the idea "did not work as planned."
Data storage company Drobo has filed for Chapter 11 bankruptcy protection in California's Northern Bankruptcy Court.
Three years after raising £100,000 on Kickstarter, the Reflex SLR project may be shelved indefinitely due to major issues in developing a prototype that have burned through the cash raised from backers.
After word of Tetenal's financial difficulties emerged in late 2018, the photochemistry giant announced in January 2019 that it would be closing shop after 172 years. But an employee-led management buyout offer has now been accepted, allowing the business to live on.
In late 2018, it emerged that Tetenal, one of the largest photo chemistry companies in the world, was in serious financial turmoil. It now appears that efforts to save the business have failed, and Tetenal will reportedly be closing up for good after a whopping 172 years in the analog photography industry.
If you backed a Meyer Optik Görlitz lens on Kickstarter and are still waiting for your reward to arrive, there's some bad news for you: it never will, and your money is now gone. net SE, the company behind those lenses and other vintage brand reboots, is dead.
The German start-up behind the Panono panoramic ball camera has filed for insolvency proceedings in Berlin, making it very unlikely that backers of their $1.25 million Indiegogo campaign will ever get their hands on their camera.
When the Lily camera drone was announced back in May 2015, the world was so excited by the idea of an easy-to-use throw-and-shoot drone that the company raised $15 million in private funding and saw over $34 million in pre-orders. But now it seems that the project won't ever be taking off: the company just announced that it will be shutting down.
John Rogers was once one of the high flying entrepreneurs in the photo world. After coming up with the brilliant idea of scanning old photos for newspapers and splitting the rights to the digital images, Rogers was on his way to amassing one of the largest photo libraries in the world and was earning a whopping $120,000 per week selling his images on eBay.
Now his empire has come crashing down. Rogers is reportedly being sued for more than $90 million and has lost his business entirely.
Photoflex, a popular manufacturer of lighting gear and camera accessories, has unexpectedly announced that it will be closing its business that has been in operation for three decades.
Just two months after partnering with Polaroid for a rebranded version of its service, the pioneering photo-a-day website Blipfoto has now gone into liquidation.
Shortly after news broke this morning that camera store chain Calumet had declared Chapter 7 bankruptcy and would be closing all of its US stores (or will it?), a Calumet Rental Manager -- well, former Rental Manager now -- got in touch with us to see if we wanted to get some of the behind the scenes details of how the bankruptcy came to be.
We, of course, said yes. The employee has asked to remain anonymous, and so his/her answers are labeled simply as "Calumet Employee" below.
Ritz Camera went under the hammer yesterday at a public auction, the latest chapter in the company's efforts to figure out a profitable business model in the increasingly Internet-driven business of selling camera gear. Among the things on the auction block yesterday was Wolf Camera, the competing chain of photo retail stores that Ritz acquired back in 2001. If you're a fan of Wolf Camera shops, here's some bad news: their days may be very numbered.
A source just informed us that all Wolf Camera shops are slated to be liquidated. He heard from a Wolf store manager friend that the chain was purchased by a liquidation company at the auction, and that exact time frames will be announced soon.
Kodak is asking the U.S. Bankruptcy Court for permission to pay $13.5 million in bonuses to roughly 300 executives …
It wasn’t too long ago that Kodak filed multiple patent infringement lawsuits against Apple in a scramble …
Kodak Theatre, the famous theater on Hollywood Boulevard that hosts the Academy Awards, …
Well, the rumors were true: today the iconic photography company Kodak announced that it has filed for Chapter 11 bankruptcy protection. What this means is that the company is given permission to continue its normal operations as it struggles to restructure and transform into a sustainable business.
CNNMoney has an interesting article on how the Kodak brand will likely survive …
The Los Angeles Times is reporting that Kodak may be “a shutter click …